Housing Wire

AUGUST 19, 2024

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. That number has held steady over time, with 43% of 2023 auction sales in underserved communities.

Renovation 476

Renovation Development Investor Finance 476

Housing Wire

NOVEMBER 22, 2024

The report — which included a survey of 700 home flippers — showed a decrease in the sentiment index as 17% of home flippers reported “poor sales relative to seasonal norms” from July through September. These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed.

Investor 430

Investor Mortgages Renovation Loans 430

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Loans 395

Loans Mortgages Finance Lending 395

Housing Wire

JUNE 8, 2021

We have thoughtfully evaluated the home improvement point-of-sale lending space for a number of years, and we believe this is the right partner at the right time to deliver on our vision,” said Scott Peters, Regions’ head of consumer banking. in 2021 to $433 billion. The space remains dominated by depository banks.

Banks 445

Banks Renovation Marketing Lending 445

Keeping Current Matters

MARCH 18, 2021

However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. There aren’t enough homes for sale right now. A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark.

Renovation 337

Renovation Sales As-is Agents 337

Housing Wire

OCTOBER 28, 2021

After rising 8% in August, pending home sales dropped 2.3% in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. Top markets for affordable renovated housing inventory. Pending contracts are good early indicators of upcoming sales closings.”. year-over-year.

Sales 448

Sales Renovation Banks Marketing 448

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

Renovation 370

Renovation Development Banks Sales 370

HomeLight

OCTOBER 15, 2024

If you’re considering a home renovation , you’ve got company. In 2023, 51% of homeowners spent $25,000 or more on home renovations, with most of the renovations done on kitchens, bathrooms, heating and cooling systems, and outdoor security. Renovating? Input Address Who’s on your renovation dream team?

Renovation 111

Renovation Sales Inspection Design 111

Keeping Current Matters

OCTOBER 30, 2020

With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house. The post Should I Renovate My House Before I Sell It? INFOGRAPHIC] appeared first on Keeping Current Matters.

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Renovation Sales Marketing 319

Keeping Current Matters

AUGUST 12, 2021

They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. A more balanced market typically sees a 6-month supply of homes for sale. month supply at the current sales pace , modestly up from May’s 2.5-month Not all renovation projects are equal.

Renovation 310

Renovation Design Sales Marketing 310

Inman

SEPTEMBER 26, 2024

Two companies in the pre-sale home renovation business, BOSSCAT and HouseAmp, agree to work together to streamline services.

Renovation 183

Renovation Sales Technology Marketing 183

Housing Wire

FEBRUARY 27, 2025

A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Its your chance to emotionally connect with the buyers and create the desire for them to come see the home in person.

Renovation 369

Renovation Agents MLS Equity 369

Housing Wire

AUGUST 2, 2024

An AI assistant called Revana will provide personalized help with renovations, installations and maintenance. The tool provides solutions related to buying and selling a home, in addition to needs during homeownership such as maintenance and improvements.

Sales 448

Sales Staging Renovation Equity 448

AAOA

MARCH 4, 2025

COUNTERTOPS Preassembled laminate kitchen countertops can improve the appearance and durability of your unit’s kitchen while lowering the overall renovation time. Companies like Kitchen Cubes sell both the cabinets and the countertops, making the renovation process quick and painless. This can include sinks, fillers, and molding.

Renovation 94

Renovation Property Management Title As-is 94

Inman

OCTOBER 25, 2024

Situated on nearly three acres, the property features 11 bedrooms, 14 bathrooms, a wine cellar, staff rooms—both added during the Elies’ renovation — and a swimming pool. Despite these extensive upgrades, the Elies ultimately found the home too large and chose not to move in.

Sales 179

Sales Renovation 179

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. So, people are gonna have to tap into their equity for renovations, debt consolidation and better cash flow. Once again, credit card debt is at an all-time high at $1.6

New Construction 294

New Construction Construction Marketing Equity 294

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Renovation 476

Renovation Construction Development Finance 476

Housing Wire

JULY 19, 2024

. “We have built enduring trust with a network of over 3,5000 established brokers and non – delegated correspondents who have remained partners with Flagstar for over 35 years,” said Rich Hoffmann, Senior Vice President and TPO National Sales Director.”

Lending 461

Lending New Construction Renovation Banks 461

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

Title search 516

Title search Title Renovation Investor 516

Inman

SEPTEMBER 23, 2024

The "Marketing Center" is designed to explain the appeal of pre-renovations to consumers using campaigns that include print and digital messaging as well as case studies from closed sales.

Renovation 171

Renovation Marketing Design Sales 171

Housing Wire

APRIL 21, 2022

But it also makes sense given that their large-scale acquisition strategies could buckle under the logistical pressure of performing major renovations on hundreds or thousands of homes simultaneously. More than 2 million home sales in 2021 were to all-cash buyers, up 67% from the 1.2 of retail home sales were to bulk buyers.

Investor 418

Investor Marketing Renovation Sales 418

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Renovation 435

Renovation Equity Mortgages Development 435

Housing Wire

MAY 30, 2024

That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. Combined with the decrease in asking prices, Redfin suggested that “sale prices could soften in the coming months as persistently high mortgage rates turn off homebuyers.“ year over year to $390,613.

Mortgages 497

Mortgages Renovation Sales Brokerage 497

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. trillion — with sales of new homes rising in dominance. Fannie Mae recently projected originations for 2023 at $1.59

Renovation 488

Renovation Sales Investor Mortgages 488

Housing Wire

APRIL 17, 2024

“Our collaborative efforts with Capital Fundings will enable borrowers to make informed investment decisions, seize opportunities, and achieve their financial aspirations,“ Brad Bieber, Privy’s head of sales, said in a statement. Capital Fundings specializes in the purchase, renovation and resale of distressed residential properties.

Investor 448

Investor Renovation Technology Residential 448

Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If The performance gap between foreclosure sale dispositions and retail REO sale dispositions widened to 40 points in the downshifting 2022 market.

Marketing 397

Marketing Renovation Sales Investor 397

Housing Wire

SEPTEMBER 17, 2024

Curbio, a home renovation startup that specializes in pre-sale work, has agreed to settle fraud allegations made by the Office of the Attorney General for the District of Columbia. The AG also accused the company of acting as an unlicensed lender and performing subpar renovations.

Renovation 432

Renovation Equity Agents Sales 432

Housing Wire

FEBRUARY 6, 2025

Avoid financing, and you risk missing out on a sales growth opportunity. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Focus on equity solutions : Understand and promote HELOCs and second liens to address borrower needs for cash flow improvement or home renovations.

Loans 303

Loans Mortgages Equity Construction 303

Housing Wire

DECEMBER 15, 2024

home sales compared to the previous quarter. Home Flipping Report from Attom reviewed sales deed data. home sales, down 40 basis points (bps) from the prior quarter. Higher renovation costs, mortgage payments, taxes, insurance and utility costs can negatively affect fix-and-flipper profit margins, Attom noted. of all U.S.

Investor 370

Investor Marketing Renovation Sales 370

Housing Wire

SEPTEMBER 20, 2024

Attom measures the profit margin on home flips by subtracting the median purchase price from the median resale price, so costs related to renovations, mortgages and property taxes eat into the final margin. Underscoring the struggles for home flippers are sale prices. The share of home sales that were flips fell to 7.5%

Renovation 456

Renovation Investor Sales Marketing 456

Housing Wire

OCTOBER 15, 2024

Census Bureau, the median sale price of a new construction home in March 2024 was $430,700. Compared to the $393,500 median sale price of an existing home during that same period, according to the National Association of Realtors, buyers will pay almost 10% more when purchasing new construction.

New Construction 488

New Construction Construction Agents Marketing 488

Housing Wire

MAY 24, 2024

Prior to joining Movement Mortgage, Thompson served as the senior vice president and regional sales manager at PrimeLending , where he oversaw $1 billion in annual retail volume across the Texas markets of Houston, Austin, San Antonio and Laredo. I align perfectly with Movement’s core conviction of existing to love and value people.”

Mortgages 445

Mortgages Loan Officer Renovation Loans 445

Housing Wire

OCTOBER 5, 2023

These levels and their updates to 95% also apply equally to requirements for the standard, HomeReady and HomeStyle Renovation programs. Currently, the maximum allowable LTV on a purchase and limited cash-out refinance for a two-unit property is 85% for both fixed- and adjustable-rate mortgages, and 75% for a three- or four-unit property.

Loans 476

Loans Fixed-rate mortgage Principal Renovation 476

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. The Opendoor presentation projected sales of more than 37,500 homes in 2023. “The largest, undisrupted market in the U.S.,” billion last year.

Marketing 448

Marketing Investor Sales Renovation 448

Housing Wire

FEBRUARY 26, 2024

In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%. A similar phenomenon occurred in Miami where condo prices fell 3%, sales dropped 9% and new listings rose 27%.

Inspection 501

Inspection Renovation Development Sales 501

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. This synergy allows Planet to offer unparalleled operational support to its sales professionals, along with no hidden overlays and some of the industry’s best turn times.”

Lending 458

Lending Renovation Loans Mortgages 458

Inman

SEPTEMBER 3, 2024

Pre-sale renovation services company Revive has made its artificial intelligence-backed property valuation product, Revive Vision AI, free to all real estate consumers.

Renovation 137

Renovation Sales Technology Marketing 137